Friday, August 05, 2011

Weekly Stock Market Overview - August 5, 2011

All the major US indices were negative. For the week the Dow Jones Industrial Average dropped -698.63 points or -5.75%. The Standard & Poor's 500 Index dropped -92.90 points or -7.19%, while the Nasdaq Composite dropped -223.97 points or -8.13%. Read More ...

The Consumer Staples sector was the strongest sector (-2.98%) last week followed by the Utilities sector (-3.86%). The Energy sector was the worst performing sector (-10.96%) of the week followed by the Materials sector (-9.71%).

The Utilities sector is the most overvalued sector followed by Technology, while Personal Computers, Computer Peripherals, and Gas Utilities are among the most overvalued industries. The Consumer Goods sector is the most oversold sector followed by Conglomerates, while Home Furnishings/Fixtures, Housewares & Accessories, and Appliances are among the most oversold industries.

Weekly S&P 500 Winners
Gains/Loses(%) Symbol Company Sector
1.28% PCG PG&E Corp. Utilities
1.27% ED Consolidated Edison Utilities
0.98% PEP PepsiCo Inc. Consumer Staples


Weekly S&P 500 Losers
Gains/Loses(%) Symbol Company Sector
-41.46% PCS MetroPCS Communications Inc. Telecommunications Services
-23.14% PHM Pulte Homes, Inc. Consumer Discretionary
-21.13% NBR Nabors Industries Ltd. Energy


Weekly S&P 500 Alerts
Stock Market Alerts Count
Downtrend Exhaustion 20
Downtrend Broken Resistance 1
Uptrend Support 97
Uptrend Exhaustion 1
Uptrend Broken Support 0
Downtrend Resistance 1
Oversold 124